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Use the Information Given in the Table Below to Answer

Question 16

Multiple Choice

Use the information given in the table below to answer the following question(s) .Assume the firm hires labor competitively and sells its product in a competitive price-taker market at a price of $2 per unit.
Table 12-7
Use the information given in the table below to answer the following question(s) .Assume the firm hires labor competitively and sells its product in a competitive price-taker market at a price of $2 per unit. Table 12-7 -Refer to Table 12-7.What is the marginal revenue product of the fifth unit of labor? A) $2 B) $4 C) $20 D) $100
-Refer to Table 12-7.What is the marginal revenue product of the fifth unit of labor?


A) $2
B) $4
C) $20
D) $100

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